​The U.S. Treasury Department today issued its latest State Small Business Credit Initiative Quarterly Report, detailing how
the program continues to deploy funds to help spur greater levels of private
sector lending and investments in small businesses across the country.

​On Friday, Secretary Lew met with the Advanced Counterfeit Deterrence Steering Committee, or the ACD. This group is responsible for the design, development, production, and issuance of United States currency.

​This week marked the five-year anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act – the most comprehensive set of reforms to our financial system since the Great Depression. Today, five years after these reforms were signed into law, nearly all of the major elements of financial reform are in place, our financial system is safer and stronger, and our economy is in a far better position to continue growing and creating jobs. ​

​In his remarks to the Money Marketeers of New York University, Under Secretary Nathan Sheets discussed a key focus of the G-20 and global financial reform agenda: Identifying, assessing, and mitigating systemic risks that may arise in the non-bank financial sector.​

​Last week, the Latin America Financial Action Task Force, or GAFILAT – a coalition of sixteen countries – met in San Jose, Costa Rica to further strengthen cooperation against money laundering and terrorist financing. GAFILAT is focused on combatting illicit financial activity, and its progress toward that goal will directly impact the broader security and prosperity of the region. Given the strong ties between the U.S. financial system and Latin American economies, targeting financial crime is a shared effort for the United States.​